Bull Trend Analysis Feed http://www.bull-trend.com Bull-trend.com was designed for traders like yourself. We strive to be your number-one resource for timely, accurate and useful forex, futures and commodity quotes, charts, technical opinion, trading analysis and other market commentary. CFM 263 94 http://www.bull-trend.com http://www.bull-trend.com/bk2/img/flogo.jpg US Pres. Trump announces executive action targeting companies trading with N. Korea - LiveSquawk http://www.bull-trend.com/ Currencies http://www.bull-trend.com/ Thu, 21 Sep 2017 16:40:06 -0400 US President Trump recently announced that he was giving an executive order targeting individual companies that were trading with North Korea, as reported by LiveSquawk. Key quotes (via LiveSquawk): Aim of order is to cut off sources of revenue to N.Korea PBoC has told Chinese banks to end N.Korea business Effort will target N.Korean shipping, trade networks Order gives treasury discretion to sanction foreign banks that conduct transactions tied to trade with N.Korea Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these securities. You should do your own thorough research before making any investment decisions. Bakinv does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Forex involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. EUR/USD rises toward mid-1.19s as DXY drops below 92 http://www.bull-trend.com/ Currencies http://www.bull-trend.com/ Thu, 21 Sep 2017 16:33:28 -0400 After spending the majority of the day in a narrow band below the 1.19 handle, the EUR/USD pair gained traction in the last hour and started to erase its sharp losses from Wednesday. As of writing, the pair was trading at 1.1937, gaining 0.37 on the day. This recent upsurge seems to be a product of the greenback's weakness in the NA session. Although no clear catalysts were detected behind the broad-based selling pressure witnessed on the buck, a retreat in the US T-bond yields seems to be weighing on the US Dollar Index. At the moment, the 10-year reference is down 0.5% on the day while the DXY is losing 0.25% at 91.98.  US: Weekly initial claims was 259,000, a decrease of 23,000 from previous week Philly Fed: Index for current manufacturing activity in the region increased 5 points to 23.8 Earlier in the session, upbeat macro data from the U.S. failed to provide a boost to the index, which broke above the 92 mark on the back of the FOMC's updated economic projections that showed 11 of 16 policymakers seeing a 25 basis points rate hike appropriate in December. In the meantime, the shared currency found some demand after the data published by the European Commission revealed that the Consumer Confidence improved to -1.2 in September from -1.5 in August, supporting the pair's rise. On the other hand, the speech by the ECB President Mario Draghi failed to provide any fresh insights into the monetary policy as his comments were focused on macroprudential policies and their impacts on financial institutions. On Friday, Markit will be releasing manufacturing and service sector PMI data for both the Eurozone and the United States. Moreover, Draghi will be delivering another speech at the ECB Youth Dialogue event in Dublin, but it would be surprising if he gave any comments that could impact the price action of the pair. Technical outlook On the upside, the pair faces the first technical resistance at 1.1940 (20-DMA) before 1.2000 (psychological level) and 1.2090 (Sep. 8 high). On the flip side, supports could be seen at 1.1865 (daily low), 1.1770 (Aug. 25 low) and 1.1710 (Aug. 18 low). 1.1845 (Sep. 14 low) and 1.1800 (psychological level). Despite this latest rise, the RSI indicator on the daily graph remains near the 50 mark, suggesting that the bullish momentum is not strong enough to suggest a continuation. EUR/USD pullback could test 1.1770 – UOB Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these securities. You should do your own thorough research before making any investment decisions. Bakinv does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Forex involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. BoJ: remains a laggard and that's yen negative - Rabobank http://www.bull-trend.com/ Currencies http://www.bull-trend.com/ Thu, 21 Sep 2017 16:18:51 -0400 Analysts at Rabobank noted that the BoJ has resolutely opted to keep rolling out its huge QQE programme.  Key Quotes: "The only surprise of today’s policy meeting was that new board member Kataoka dissented in favour of more easing.  His argument, which echoes that of market economists, is that there is little chance of the BoJ reaching its inflation target by the projected time frame of around fiscal 2019." "Despite Japan’s strong economic performance this year, the virtual absence of wage inflation and the stubbornly low levels of price pressures will ensure that the BoJ will remain a laggard in terms of monetary policy normalisation." "In theory this should disadvantage the yen.  However, the performance of USD/JPY this year has be guided by the carry trade on one side and safe haven demand on the other.  This week’s rebuilding of risk appetite and yesterday’s hawkish Fed has pushed USD/JPY to its best levels since mid-July." Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these securities. You should do your own thorough research before making any investment decisions. Bakinv does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Forex involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. Brexit speech tomorrow is a key risk event - Nomura http://www.bull-trend.com/ Currencies http://www.bull-trend.com/ Thu, 21 Sep 2017 16:11:56 -0400 Analysts at Nomura explained that in terms of catalysts for the next move in GBP, tomorrow’s Brexit speech is a key event risk. Key Quotes: "It could confirm whether the UK is seeking a two-year transitional deal or not and if that deal would include single market access during that time.  If the outcome is a risk event (of a possible “cliff edge” Brexit) that is delayed a further two to three years by this transitional arrangement, it will be kicking the can of Brexit further down the road.  Whether or not that will be far enough to reduce the market’s negative view of it is one thing, but the lower immediacy of it may lessen the focus of economists’ “Brexit bias” and allow them to take more seriously what the current state of play means for the long-run outcome of UK rates and GBP, both of which should be higher in our view." Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these securities. You should do your own thorough research before making any investment decisions. Bakinv does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Forex involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. US LEI: Strength in underlying components suggests economic growth should continue - Wells Fargo http://www.bull-trend.com/ Currencies http://www.bull-trend.com/ Thu, 21 Sep 2017 16:03:30 -0400 The Leading Economic Index (LEI) continued its climb in August, gaining 0.4 percent over the month. Analysts from Wells Fargo,  point out that August data marks the 12th consecutive month in which the index increased, signaling modest growth ahead. Key Quotes:  “The LEI increased 0.4 percent in August, following a 0.3 percent increase in July and a 0.6 percent increase in June. The coincident index was unchanged in August while the lagging index increased 0.3 percent.” “Seven components contributed positively to the index while initial claims was the only component to negatively impact the headline reading. The effects of the recent hurricanes are slowly creeping into the data.” “Hurricanes Harvey and Irma will likely slow housing starts in coming months, as resources are redirected toward repairs and rebuilding efforts.” “The interest rate spread added 0.12 percentage points while consumer expectations contributed 0.11 percentage points. The broad-based strength in the underlying components suggests that the current pace of economic growth should continue.” Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these securities. You should do your own thorough research before making any investment decisions. Bakinv does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Forex involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. GBP/USD breaks to the upside and rises above 1.3550 http://www.bull-trend.com/ Currencies http://www.bull-trend.com/ Thu, 21 Sep 2017 15:52:50 -0400 The pound gained momentum across the board during the London fix after the BBC reported that PM May will say tomorrow that the UK is willing to pay EUR 20 billion for Brexit only if it has access to the single market.  GBP/USD broke higher and climbed to 1.3572, reaching a fresh daily high. The pair remains near the top and only a few pips below the level it had yesterday before the release of the FOMC statement that triggered a really of the greenback.  The short-term technical outlook improved significantly for the pound. The pair was trading in a range between 1.3515 and 1.3470, facing some bearish pressure but broke decisively to the upside. Now momentum favors the upside in GBP/USD that appears to be looking at 1.3600. A decline back below 1.3520/30 could change the current tone in favor of the US dollar. Technical levels To the upside, the immediate resistance is seen at 1.3600 (psychological) followed by 1.3620 (Sep 15 & 18 high) and 1.3655 (Sep 20 high). On the flip side, support could be located at 1.3515, 1.3470 (Sep 19 & 21 low) and 1.3405 (Sep 14 high). <br />   Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these securities. You should do your own thorough research before making any investment decisions. Bakinv does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Forex involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. USD/JPY stuck in range above 112, slightly lower on day http://www.bull-trend.com/ Currencies http://www.bull-trend.com/ Thu, 21 Sep 2017 15:46:48 -0400 The USD/JPY pair stretched its gains to a fresh monthly high at 112.70 in the early European session before losing traction and dropped to a daily low at 112.13 at the beginning of the NA session. As of writing, the pair was trading at 112.30, losing 20-pips on the day. The highly anticipated BoJ meeting turned out to be a non-event on Thursday. After the bank decided to leave its monetary policy stance unchanged, Governor Haruhiko Kuroda said that the BoJ would add more stimulus if needed and added that they were not looking to make any changes to ETF purchases based on stock prices. Commenting on the FOMC's hawkish statement, Kuroda said that the Fed's policy steps were appropriate. BOJ keeps economic assessment unchanged BOJ’s Kuroda: BOJ will add more stimulus if needed The macroeconomic data from the U.S. failed to trigger a meaningful market reaction. According to the US Department of Labor, weekly initial jobless claims decreased by 23K to 259K for the week ending September 16 while the Philly Fed Manufacturing Index came in at 23.8, beating the market expectation 17.2. At the moment, the US Dollar Index is testing the 92 handle, extending its technical correction of yesterday's FOMC-led rise. In the meantime, following a calm start to the day, major equity indexes are struggling to push higher with the Doe Jones and the S&P 500 indexes losing 0.1%, providing no clear hints of the market sentiment.  US: Weekly initial claims was 259,000, a decrease of 23,000 from previous week Philly Fed: Index for current manufacturing activity in the region increased 5 points to 23.8 Technical outlook With today's price action, the RSI indicator on the daily graph turned south below the 70 handle, showing that the pair is leveling out its overbought readings. 112 (psychological level) could be seen as the first technical support ahead of 111.45 (200-DMA) and 110.80 (100-DMA). On the upside, technical resistances align at 112.70 (daily high), 113.50 (Jul. 14 high) and 114.45 (Jul. 11 high). USD/JPY could re-test 114/115 – Scotiabank Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these securities. You should do your own thorough research before making any investment decisions. Bakinv does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Forex involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. Eurozone: consumer confidence hits highest level since 2001 - ING http://www.bull-trend.com/ Currencies http://www.bull-trend.com/ Thu, 21 Sep 2017 15:11:07 -0400 Bert Colijn, Senior Economist at ING point out that Eurozone consumers euphoria is another sign that cautious increases in price pressures are likely to continue. Key Quotes:  “Eurozone consumer confidence improved from -1.5 to -1.2 in September, the highest level in about 16 years. The current economic environment in the Eurozone continues to be very favourable to the consumer, as job growth accelerates, wage growth has begun to improve, and inflation remains below the ECB’s target. This helps the Eurozone economy as more confident consumers continue to boost household demand.” “While expectations of economic growth in the coming years are modest, as the Eurozone is expected to revert to a weaker growth trend, buoyant consumers are helping GDP growth to remain above trend for a while.” “For the ECB, the euphoric consumer is another sign that cautious increases in upward price pressures are likely to continue.But consumer expectations of price trends have been falling since January, indicating that consumers are not expecting the Goldilocks economy to end anytime soon.”<br />   Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these securities. You should do your own thorough research before making any investment decisions. Bakinv does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Forex involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. USD/CAD directionless around mid-1.23s in choppy session http://www.bull-trend.com/ Currencies http://www.bull-trend.com/ Thu, 21 Sep 2017 14:51:47 -0400 After recording its fifth straight daily gain yesterday, the USD/CAD has gone into a consolidation phase and has been trading in a narrow 40-pip channel on Thursday. As of writing, the pair was at 1.2348, adding 0.19% on the day. The macro data from the U.S. failed to help the greenback gather further strength against its peers. Although weekly jobless claims and Philly Fed Manufacturing Index both beat the market estimates, they were largely ignored by the participants. The US Dollar Index, which jumped to a weekly high at 92.50 following the hawkish FOMC statement, is now at 92.12, losing 0.1% on the day. However, today's movement seems to be a technical correction, and the index is likely to gain traction in the near-term as long as it remains above the 92 handle. US: Weekly initial claims was 259,000, a decrease of 23,000 from previous week Philly Fed: Index for current manufacturing activity in the region increased 5 points to 23.8 On the other hand, the price action of crude oil remains fairly subdued, not providing any directional hints for the commodity-sensitive loonie. As of writing, the barrel of West Texas Intermediate is at $50.60, down only 6 cents. On Friday, the economic docket from Canada will feature the retail sales and the CPI data. On a monthly basis, consumer inflation in Canada is expected to rise by 0.2% after staying unchanged in July. An upbeat CPI reading could help the CAD start correcting its losses against the buck. However, with heightened expectations of a Fed December rate hike, the DXY is likely to continue to be the primary driver of the pair's movements. CAD to take cues from hard data - Westpac Technical outlook The RSI indicator on the daily graph is moving sideways near the 50 mark, supporting the view of a short-term neutral outlook. The pair could encounter the first technical hurdle at 1.2410 (Sep. 6 high) before 1.2460 (50-DMA) and 1.2500 (psychological level). On the downside, supports could be seen at 1.2280 (20-DMA), 1.2200 (psychological level) and 1.2120 (Sep. 15 low). Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these securities. You should do your own thorough research before making any investment decisions. Bakinv does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Forex involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. FOMC projections: net result is a rise in real short-term rates - Wells Fargo http://www.bull-trend.com/ Currencies http://www.bull-trend.com/ Thu, 21 Sep 2017 14:48:43 -0400 Analysts from Wells Fargo, explained that with the current FOMC assessment, we are back to a position in the economy where the Federal Reserve can begin to normalize its balance sheet. They point out that the key story is the implied rise into positive real rates ahead. Key Quotes:  "FOMC officials are comfortable enough with the strength and sustainability of the U.S. economy to finally initiate a draw-down of the balance sheet to levels more consistent with normal economic conditions” “As for inflation, the FOMC lowered its median expectation for both overall and PCE inflation a touch for 2018 and then held steady the pace of inflation for 2019 and 2020 at the 2 percent target. We differ. There is a clear structural break in inflation (both CPI and the PCE deflator) after 2008. Moreover, the recent weakness in inflation is not solely transitory. “Finally, there is a persistent pattern in inflation that helps explain why it has taken so long for the inflation pace get back to 2 percent. Our core PCE inflation forecast is lower than the FOMC’s for 2018 to reflect the long drawn out pattern of inflation adjustments.” “An updated FOMC policy statement and the economic projections indicate a steady rise in the funds rate and, given the steady FOMC projections for inflation, the net result is a steady rise in the real short-term fed funds rate. This rise in real rates will represent a significant shift given that the majority of this economic and financial recovery has occurred in an environment of negative real rates.” “The updated dots for 2017 do not take a December rate hike off the table. However, the dots do imply there is one less FOMC move in 2019. Interesting to note that the fed funds rate for 2020 at 2.9 percent is actually higher than the long-run 2.8 percent.” Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these securities. You should do your own thorough research before making any investment decisions. Bakinv does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Forex involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. United States EIA Natural Gas Storage change came in at 97B, above expectations (91B) in September 11 http://www.bull-trend.com/ Currencies http://www.bull-trend.com/ Thu, 21 Sep 2017 14:32:09 -0400 Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these securities. You should do your own thorough research before making any investment decisions. Bakinv does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Forex involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. USD/JPY could re-test 114/115 - Scotiabank http://www.bull-trend.com/ Currencies http://www.bull-trend.com/ Thu, 21 Sep 2017 14:28:04 -0400 In view of FX Strategists at Scotiabank, the pair’s outlook remains bullish, allowing for a probable visit to the 114/115 area. Key Quotes “The JPY is under-performing somewhat; the BoJ left policy unchanged in terms of its target rate and asset purchase plan, as expected. New policy board member Kataoka dissented, however, stating that there was little chance of the BoJ meeting its 2% CPI objective. Easy BoJ policy prospects clearly contrast with the Fed outlook, driving USD-supportive 10Y bond spreads back to the upper end of the recent range (+230bps)”. “USDJPY gains through the upper 111 area sustain the short-term bull trend in the market, after the USD appeared to be stalling earlier this week, and confer a more positive outlook on longer-term prospects. Short-term cloud charts are positive and we think the USD may be building for a move up to retest 114/115”. Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these securities. You should do your own thorough research before making any investment decisions. Bakinv does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Forex involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. US Dollar under pressure near 92.00 http://www.bull-trend.com/ Currencies http://www.bull-trend.com/ Thu, 21 Sep 2017 14:13:31 -0400 The US Dollar Index – which tracks the buck vs. its main competitors – keeps fading yesterday’s uptick and is now challenging the critical support at 92.00 the figure. US Dollar upside capped near 92.70 The index remains entrenched into the negative ground so far on Thursday, giving away part of yesterday’s important advance to fresh multi-day tops in the boundaries of 92.70. USD gained extra buying interest following an unexpected hawkish tone from the Federal Reserve at its meeting on Wednesday, announcing that it will start reducing its balance sheet in October and keeping unchanged the ‘dots plot’ for this year and 2018. However, the selling sentiment seems to have returned to the markets today, fuelled mainly by the retracement in yields of the US 10-year benchmark, currently navigating the area of daily lows around the 2.25% handle In the US data space, both initial claims and the Philly Fed manufacturing index surpassed initial estimates. US Dollar relevant levels As of writing the index is retreating 0.29% at 92.12 and a break below 92.06 (10-day sma) would open the door to 91.61 (low Sep.20) and finally 91.01 (2017 low Sep.8) On the upside, the initial hurdle aligns at 92.69 (high Sep.20) followed by 93.35 (55-day sma) and then 94.03 (23.6% Fibo of the 2017 drop).   Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these securities. You should do your own thorough research before making any investment decisions. Bakinv does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Forex involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. US Pres. Trump: We Will Be Putting More Sanctions on North Korea http://www.bull-trend.com/ Currencies http://www.bull-trend.com/ Thu, 21 Sep 2017 14:03:02 -0400 Ahead of his meeting with Afghanistan President Mohammad Ashraf Ghani, US President Donald Trump spoke to reporters, saying that they were intending to put more sanctions on North Korea, as Bloomberg reported. Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these securities. You should do your own thorough research before making any investment decisions. Bakinv does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Forex involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. European Monetary Union Consumer Confidence came in at -1.2, above forecasts (-1.5) in September http://www.bull-trend.com/ Currencies http://www.bull-trend.com/ Thu, 21 Sep 2017 14:00:58 -0400 Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these securities. You should do your own thorough research before making any investment decisions. Bakinv does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Forex involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. South Africa SARB Interest Rate Decision came in at 6.75%, above forecasts (6.5%) in September 1 http://www.bull-trend.com/ Currencies http://www.bull-trend.com/ Thu, 21 Sep 2017 13:57:06 -0400 Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these securities. You should do your own thorough research before making any investment decisions. Bakinv does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Forex involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. US stocks subdued during early trade http://www.bull-trend.com/ Currencies http://www.bull-trend.com/ Thu, 21 Sep 2017 13:52:49 -0400 Major US equity indices witnessed a rather lackluster opening on Thursday as investors digested yesterday's hawkish FOMC announcement.  The Fed signaled it could raise interest rates for the third time this year, despite low inflation, and disclosed a plan to start shrinking its massive $4.5 trillion balance sheet. On the economic data front, weekly jobless claims fell sharply during the week ended September 15, while the Philly Fed manufacturing index rose to a three-month high but did little to help the markets to keep pushing higher, especially after the recent rally to fresh record highs.  During the opening hour of trade, the Dow Jones Industrial Average was down around 15-points to 22,397, while the broader S&P 500 Index lost 4-points to 2,504. Meanwhile, tech-heavy Nasdaq Composite underperformed the broader indices and fell over 20-points to 6,435. Thursday's key focus would be on the US President Donald Trump's important announcement on effort to resolve North Korea problem. Bloomberg reports that Trump will unveil new sanctions and a fresh provocation could seriously dent investors' appetite for riskier assets - like equities. Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these securities. You should do your own thorough research before making any investment decisions. Bakinv does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Forex involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. Theresa May's speech at Florence - Brexit http://www.bull-trend.com/ Currencies http://www.bull-trend.com/ Thu, 21 Sep 2017 13:48:01 -0400 UK’s PM Theresa May will speak at Florence on Friday. It will be her first speak on Brexit since January. The speech comes amidst complicated negotiations over the Brexit-bill and the role of EU courts. Recent rumours cited the likeliness that the UK could be prepared to pay €20 billion during the next two years, although further details appear to have to wait until tomorrow. Other topics likely to be part of May’s speech should be centered on trade deals and whether the UK should keep contributing to EU budgets in the upcoming years. It is worth recalling that another round of Brexit talks is scheduled for September 25, while the country is due to leave the euro zone in March 2019. Related Content EU's Barnier: No reason EU taxpayers should pay for Brexit Michael Barnier, the European Commission’s chief Brexit negotiator, is out on the wires with key headlines, via Reuters...   Theresa May triggers Article 50    Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these securities. You should do your own thorough research before making any investment decisions. Bakinv does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Forex involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. Draghi Speech: Use of monpol is not the right instrument to address financial imbalances http://www.bull-trend.com/ Currencies http://www.bull-trend.com/ Thu, 21 Sep 2017 13:41:04 -0400 Key highlights from the speech by Mario Draghi, President of the ECB and Chair of the European Systemic Risk Board, at the second annual conference of the ESRB, Frankfurt am Main, 21 September 2017: Use of monetary policy is not the right instrument to address financial imbalances Macroprudential policies, targeted at particular markets or countries, can play a key role in addressing such imbalances. Given the bank-based nature of the European economy, the state of the banking sector is central to our assessment of systemic risk. Banks in Europe are more resilient and the banking union has advanced. Authorities need to watch out for blind spots, where risks can build up unnoticed, and use the tools at their disposal.  Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these securities. You should do your own thorough research before making any investment decisions. Bakinv does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Forex involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. EU's Barnier: No reason EU taxpayers should pay for Brexit http://www.bull-trend.com/ Currencies http://www.bull-trend.com/ Thu, 21 Sep 2017 13:32:26 -0400 Michael Barnier, the European Commission’s chief Brexit negotiator, is out on the wires with key headlines, via Reuters, found below: No reason EU taxpayers should pay for Brexit Issue of compensation between UK & EU is outside Brexit negotiations Waiting for UK proposal on legal rights of EU citizens in UK after Brexit Only way for Brexit is an agreement Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these securities. You should do your own thorough research before making any investment decisions. Bakinv does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Forex involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.